QDOS Tax Liability Cover (TLC35) vs Offerings from IPSE Plus

[nc1]

Thank you all for your help

[pr1]

In answer to your specific question in theory you wouldn't need tax investigation insurance in your first year of trading. In practise HMRC could start a tax investigation if they see your VAT returns are dodgy after a couple of quarters or something else alerts them to something being not right. As a business owner it is up to you to assess the risk for your business yourself.

True but I joined IPSE+ within a couple of months of starting after being recommended by another contractor - 2 months later I was called up for jury service (which IPSE+ cover lost billing time up to 2 weeks) so it paid for itself for the next 5 years straight away

[northernladuk]

True but I joined IPSE+ within a couple of months of starting after being recommended by another contractor - 2 months later I was called up for jury service (which IPSE+ cover lost billing time up to 2 weeks) so it paid for itself for the next 5 years straight away

Ohh. I think that's the first time I've heard that and great to hear someone has used it like that. I do know one contractor that got called up and didn't have it. He got out of it though but signed up straight away.

Just the number of people we see on here that have had contracts pulled by agents and could have claimed on the business interruption makes it a no brainer on top of everything else. I believe PC has had some dollah out of that.

[SueEllen]

True but I joined IPSE+ within a couple of months of starting after being recommended by another contractor - 2 months later I was called up for jury service (which IPSE+ cover lost billing time up to 2 weeks) so it paid for itself for the next 5 years straight away

You have a 35% risk of being called up for jury service in England and Wales over your lifetime and about half that of actually having to serve on a jury for 2 weeks.

So like with everything it is still a risk assessment.

[kaiser78]

FFS, get a life. Alright, I will never ask a single question ever again! Just rely on old post from years ago. Are you happy now???

There was a long thread from about 6 months ago that delved deeply into this and is actually worth reading through. Just trying to help like.

[kaiser78]

You have a 35% risk of being called up for jury service in England and Wales over your lifetime and about half that of actually having to serve on a jury for 2 weeks.

So like with everything it is still a risk assessment.

And you can also asked to be made exempt from being called up for jury service (ever), so this one then goes away.

[pr1]

And you can also asked to be made exempt from being called up for jury service (ever), so this one then goes away.

by serving a 5 year prison sentence?

[malvolio]

And you can also asked to be made exempt from being called up for jury service (ever), so this one then goes away.

So that just leaves unrestricted PEI, agency default cover, sickness cover, lost days for admin cover, discount life insurance, discounted pension access, discounted training and loads of supporting material and other information then...

[kaiser78]

by serving a 5 year prison sentence?

Nope, all above board.

[kaiser78]

So that just leaves unrestricted PEI, agency default cover, sickness cover, lost days for admin cover, discount life insurance, discounted pension access, discounted training and loads of supporting material and other information then...

Yes, thank you. I meant that the jury service element (only) then goes away